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Tex. Insurance Code § 549.003

CANCELLATION OF POLICY AFTER FORECLOSURE AUTHORIZED

Texas · Texas Insurance Code · Status: effective

Property & Real Estate
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Tex. Insurance Code § 549.003, CANCELLATION OF POLICY AFTER FORECLOSURE AUTHORIZED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/678451
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In the event of a foreclosure under a deed of trust, the lender may cancel an insurance policy covering the foreclosed property and is entitled to any unearned premiums from the policy if the lender: (1) credits the amount of the unearned premiums against any deficiency owed by the borrower; and (2) delivers to the borrower any excess unearned premiums not credited against a deficiency under Subdivision (1).